Vow ASA: NOK 500 million newbuild contract confirmed

31 Jan 2025 14:09 CET

Oslo, 31 January 2025: Vow ASA (ticker OSE: VOW) and its subsidiary Scanship has
received the purchase orders confirming the contract to deliver advanced
equipment to three cruise ships currently under order at an unnamed shipyard in
Europe.

The total value of the order, which was first mentioned by Vow in a stock market
announcement on 3 December 2024, is approximately NOK 500 million.

"This contract confirms the trend among cruise operators to advance even more
sustainable solutions. For these three ships, we will deliver pyrolysis
technology, wastewater purification systems and solutions that valorise waste
and generate renewable energy onboard, resulting in zero discharge to sea,
recovery of valuable resources from waste and reduced carbon footprint," said
Henrik Badin, CEO of Vow ASA.

The names of the yard and ultimate owner of the vessels will remain undisclosed
at this stage.


For more information, please contact

Henrik Badin, CEO, Vow ASA
Tel: + 47 90 78 98 25
Email: henrik.badin@vowasa.com

Tina Tønnessen, CFO, Vow ASA
Tel: +47 406 39 556
Email: tina.tonnessen@vowasa.com


About Vow

Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about
preventing pollution. The company's world leading solutions convert biomass and
waste into valuable resources and generate clean energy for a wide range of
industries.

Advanced technologies and solutions from Vow enable industry decarbonisation and
material recovery. Biomass, sewage sludge, plastic waste and end-of-life tyres
can be converted into clean energy, low carbon fuels and renewable carbon that
replace natural gas, petroleum products and fossil carbon. The solutions are
scalable, standardised, patented, and thoroughly documented, and the company's
capability to deliver is well proven.

The company is a cruise market leader in wastewater purification and
valorisation of waste. It provides technology and solutions which enable
industries to transition towards a fossil-free future by converting biomass and
waste into valuable resources and clean energy. The company also has strong
niche positions in food safety and robotics, and in heat-intensive industries
with a strong decarbonising agenda.

Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange
(ticker VOW).

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